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36 sats \ 2 replies \ @jeff 7 Mar \ on: No, bitcoin didn't really hit an all-time high. Here's why econ
The author's point is that if you bought the top, with USD, you would be down in real terms.
And, if you bought the S&P at the same time, you would be down less, in real terms.
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But ignores the fact that if you bought neither, and held USD, you'd be "down" the same. But had no upside potential.
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It's fair to point out that we haven't hit ATH for purchasing power yet, but it's a sloppy way to do it.
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Yup and not even the halving yet. This will be a moot point shortly!
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